SPH Notice - Forsyth Barr Investment Management Limited

1

Disclosure of movement of 1% or more in substantial holding or change in nature of relevant interest, or
both
Section 277 and 278, Financial Markets Conduct Act 2013
To: NZX Limited
and
To: Precinct Properties NZ & Precinct Properties
Investments Ltd
Relevant event being disclosed: Movement of 1% or more in substantial holding
Date of relevant event: 17 September 2025
Date of this disclosure: 18 September 2025
Date last disclosure made: 16 May 2025
Substantial product holder(s) giving disclosure:
Full name(s): Forsyth Barr Investment Management Limited
(FBIM)
Summary of substantial holding
Class of quoted voting products: PCT 21/09/2027 7.53% Convertible Notes

Summary for FBIM
For this disclosure,—
(a) total number held in class: 31,614,000
(b) total in class: 85,000,000
(c) total percentage held in class:

37.193%
For last disclosure,—
(a) total number held in class: 30,419,000
(b) total in class: 85,000,000
(c) total percentage held in class:

35.787%

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Details of transactions and events giving rise to relevant event
Date of
event
Nature of
event
Consideration Number of
financial
products
Current
registered
holder(s)
Registered
holder(s) once
transfers are
registered
15 May
2025 to 17
September
2025
On-market
sales
$2,746,744 2,723,500
Forsyth Barr
Custodians
Limited (FBCL)
Unknown
On-market
purchases
$2,153,701 2,139,500 Unknown FBCL
Off-market
transfers out
of DIMS
Nil 200,500 FBCL Unknown
Off-market
transfers
into DIMS
Nil 1,979,500 Unknown FBCL

Details after relevant event
Details for FBIM
Nature of relevant interest(s):

The relevant interest arises under various
investment management agreements to which
FBIM and/or Forsyth Barr Limited are a party in
their capacity as providers of discretionary
investment management services (DIMS) and
from FBIM being the manager of managed
investment schemes. The relevant interest arises
only from the powers of investment contained in
the relevant agreement documents, including the
power to control the exercise of the right to vote
attached to the shares and to control the disposal
of the shares.
Pursuant to regulation 142, the relevant
agreement documents need not be attached
under regulation 139.

For that relevant interest,—
(a) number held in class: 31,614,000
(b) percentage held in class: 37.193%
(c) current registered holder(s): See above
(d) registered holder(s) once transfers are
registered:
See above
For a derivative relevant interest, also—
(a) type of derivative: Not applicable
(b) details of derivative: Not applicable
(c) parties to the derivative: Not applicable

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(d) if the substantial product holder is not a party to
the derivative, the nature of the relevant interest in
the derivative:
Not applicable

Additional Information

Address(es) of substantial product holder(s): Forsyth Barr House, The Octagon, Dunedin
Contact details: Jeremiah Craig
T: +64 9 363 9232
E: compliance@forsythbarr.co.nz
Name of any other person believed to have given,
or believed to be required to give, a disclosure
under the Financial Markets Conduct Act 2013 in
relation to the financial products to which this
disclosure relates:
Not applicable
Certification
I, Jeremiah Craig, certify that, to the best of my knowledge and belief, the information contained in this
disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.